🚀 XRP at a Critical Point: Will the Price Breakout? 🚀

XRP/USDT is in the spotlight as it approaches the edge of a descending triangle. The big question is: will the price breakout to the upside or downside? Here’s our analysis:

🔎 Why We Believe in a Bullish Breakout?

1️⃣ Positive Market:

After a strong rally, XRP entered a consolidation, suggesting that buyers are gathering strength for a new move.

The cryptocurrency market, in general, has shown resilience.

2️⃣ Strong Fundamentals:

Ripple’s partial victory against the SEC has brought confidence to the market.

Growing adoption of Ripple’s solutions in international transfers continues to strengthen XRP’s position.

3️⃣ Technical Analysis:

If the price breaks the triangle resistance at $2.30 - $2.35, the next target will be the previous high at $2.90.

With momentum, XRP could test $3.20 - $3.50 by the end of the year.

📉 What if it Breaks Down?

If the $2.20 support is lost, the price could retreat to $2.06 or even $1.95, critical support levels.

🎯 Price Prediction:

If the bullish breakout occurs with volume support, we expect XRP to reach between $3.20 and $3.50 by the end of 2024.

⚠️ Follow: Keep an eye on volume and regulatory news, as they are decisive for the next move!

👉 Do you believe XRP will break out to the upside? Comment your opinion! 🚀

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